XCEL Georgia Life, Accident, & Sickness
SIMULATOR 2025/2026 BANK 2
VERSIONS COMPLETE STUDY GUIDE
ACCURATE REAL EXAM QUESTIONS
TESTING VERSIONS AND A STUDY
GUIDE | EXPERT VERIFIED FOR
GUARANTEED PASS BRAND NEW!!!
All of these statement about Equity Indexed Life
Insurance are correct, EXCEPT:
A) Cash value has a minimum rate of accumulation
B) If the gain on the index goes beyond the policy's
minimum rate of return, the cash value will mirror that of
the index
C) The premiums can be lowered or raised, based on
investment performance
D) Tied to an equity index such as the S&P 500 -
....ANSWER...C) The premiums can be lowered or raised,
based on investment performance
1
,Equity Indexed Life Insurance is permanent life insurance
that allows policyholders to tie accumulation values to a
stock market index.
With Disability Income insurance, an insurance company
may limit the monthly benefit amount a prospective
policy holder may obtain because of the insured's:
A) Monthly expenditures at the time of disability
B) Gross income at the time of purchase
C) Gross income at the time of disability
D) Occupation at the time of purchase - ....ANSWER...B)
Gross income at the time of purchase
The insured's earned income at the time of purchase limits
the amount of the monthly benefit that an insured may
purchase in a Disability Income Policy.
B is a teacher who was injured in a car accident and
cannot work. She is now receiving monthly benefits as a
result of this accident. Which type of policy does B have?
2
,A) Major Medical
B) Blanket
C) Disability Income
D) Indemnity - ....ANSWER...C) Disability Income
In this situation, a Disability Income policy will pay
monthly benefits to a teacher who is unable to work as a
result of a car accident.
Which of the following statements descries what an
Accident and Health policy owner may NOT do?
A) File a covered claim
B) Assign ownership
C) Cancel the coverage
D) Adjust the premium payments -
....ANSWER...D) Adjust the premium payments
The owner of an Accident and Health policy may not
change the premium amount.
3
, In Georgia, long-term care policies are required to provide
benefits for at least:
A) 6 months
B) 12 months
C) 18 months
D) 24 months - ....ANSWER...B) 12 months
Long-term care policies issued in Georgia must provide
benefits for at least 12 consecutive months.
An individual Disability Income insurance applicant may
be required to submit all of the following information,
EXCEPT:
A) Medical history
B) Gross income
C) Occupation
D) Spouse's occupation - ....ANSWER...D)
Spouse's occupation
4
SIMULATOR 2025/2026 BANK 2
VERSIONS COMPLETE STUDY GUIDE
ACCURATE REAL EXAM QUESTIONS
TESTING VERSIONS AND A STUDY
GUIDE | EXPERT VERIFIED FOR
GUARANTEED PASS BRAND NEW!!!
All of these statement about Equity Indexed Life
Insurance are correct, EXCEPT:
A) Cash value has a minimum rate of accumulation
B) If the gain on the index goes beyond the policy's
minimum rate of return, the cash value will mirror that of
the index
C) The premiums can be lowered or raised, based on
investment performance
D) Tied to an equity index such as the S&P 500 -
....ANSWER...C) The premiums can be lowered or raised,
based on investment performance
1
,Equity Indexed Life Insurance is permanent life insurance
that allows policyholders to tie accumulation values to a
stock market index.
With Disability Income insurance, an insurance company
may limit the monthly benefit amount a prospective
policy holder may obtain because of the insured's:
A) Monthly expenditures at the time of disability
B) Gross income at the time of purchase
C) Gross income at the time of disability
D) Occupation at the time of purchase - ....ANSWER...B)
Gross income at the time of purchase
The insured's earned income at the time of purchase limits
the amount of the monthly benefit that an insured may
purchase in a Disability Income Policy.
B is a teacher who was injured in a car accident and
cannot work. She is now receiving monthly benefits as a
result of this accident. Which type of policy does B have?
2
,A) Major Medical
B) Blanket
C) Disability Income
D) Indemnity - ....ANSWER...C) Disability Income
In this situation, a Disability Income policy will pay
monthly benefits to a teacher who is unable to work as a
result of a car accident.
Which of the following statements descries what an
Accident and Health policy owner may NOT do?
A) File a covered claim
B) Assign ownership
C) Cancel the coverage
D) Adjust the premium payments -
....ANSWER...D) Adjust the premium payments
The owner of an Accident and Health policy may not
change the premium amount.
3
, In Georgia, long-term care policies are required to provide
benefits for at least:
A) 6 months
B) 12 months
C) 18 months
D) 24 months - ....ANSWER...B) 12 months
Long-term care policies issued in Georgia must provide
benefits for at least 12 consecutive months.
An individual Disability Income insurance applicant may
be required to submit all of the following information,
EXCEPT:
A) Medical history
B) Gross income
C) Occupation
D) Spouse's occupation - ....ANSWER...D)
Spouse's occupation
4
